A firm sold goods for $10,000 in cash. Those goods originally cost $12,000. What are the net changes on the accounts impacted by this transaction?1 pointTotal Assets have a net increase. Shareholders’ Equity has a net increase.Total Assets have a net increase. Shareholders’ Equity has a net decrease.Total Assets have a net decrease. Shareholders’ Equity has a net decrease.Total Assets have a net decrease. Shareholders’ Equity has a net increase.

Question 4A firm received a utility bill of $1,000; management paid immediately $200 in cash, and decided to wait to pay the rest. What are the net changes on the accounts impacted by this transaction?1 pointA net increase in Total Liabilities, a net increase in Total Assets, a net decrease in Total Shareholders’ EquityA net increase in Total Liabilities, a net decrease in Total Assets, a net decrease in Total Shareholders’ EquityA net decrease in Total Liabilities, a net decrease in Total Assets, a net decrease in Total Shareholders’ EquityA net increase in Total Liabilities, a net decrease in Total Assets, a net increase in Total Shareholders’ Equity

A sole trader sells goods for cash for $500 which had cost of $300. Which elements of the accounting equation will change due to this transaction?Question 12Answera.Assets and capitalb.Assets onlyc.Assets and liabilitiesd.Capital and liabilities

A company reports net income of $52,100, which included depreciation expense of $45,200; amortization expense of $22,400; and a loss from sale of equipment of $14,200. Its comparative balance sheet shows the following changes: accounts receivable increased $32,400; inventory decreased $14,200; prepaid insurance decreased $9,200; and accounts payable increased $13,700.Compute net cash provided by operating activities using the indirect method.

Withdrew 150 cash from the bank and placed it in the cash box. What is the effect of the transaction on the accounting equation? A. Decrease in Assets ,Decrease in Equity B. Increase in Equity ,Increase in Liability C. Increase in Assets ,Decrease in Assets D. Decrease in Liability ,Increase in Capital

If total liabilities increased by $31400 and stockholders' equity increased by $19300 during a period of time, then total assets must change by what amount and direction during that same period?Select answer from the options below$50700 decrease$12100 increase$50700 increase$12100 decrease